UNUS SED LEO vs Huobi vs Bitbank
What problem does this service solve?
UNUS SED LEO aims to increase the transparency of how revenues from Bitfinex, Tether, and its related entities are allocated. | Huobi is one of the largest exchanges. It also runs a Chinese mining pool. | Bitbank is a Japanese crypto platform that offers several services, including an exchange, payment platform, and wallet. |
Token Stats
Not Relevant |
Company Description
UNUS SED LEO is an initiative started by Bitfinex that is focused on increasing the exchange's transparency. UNUS SED LEO means "one, but it's a lion" in Latin. The iniatative was created to increase the transparency of the exchange's finances, following a controversy related to the allocation of reserves from the stablecoin Tether, that was created by the same parent company as the Bitfinex exchange, iFinex. It is built around a token burning redemption mechanism which is tied to the parent company's revenues. Their dashboard provides insights into the fees that are collected, and the LEO tokens that are burned. | Huobi is one of the world's leading trading platform, committed to providing investors with a professional, safe and honest transaction services. The Exchange charges no deposit fees but does have an exit fee of between 1% and 2%. It was originally based in China, but moved its' headquarters to Singapore, and also has offices in Hong Kong, Korea, Japan and the United States. | Bitbank is a regulated fiat to crypto exchange that is based in Japan. It currently does not have any trading fees. Bitbank is one of the largest Japanese cryptocurrency platforms, and ranks in the top 30 exchanges for total trading volume. Bitbank also offers several other crypto services in Japan. Trading Fee: 0 |